Wells Fargo raised the firm’s price target on Zoom Communications (ZM) to $80 from $75 and keeps an Equal Weight rating on the shares. The firm notes Q1 results were in-line with the FY26 guide raised on upcoming price increase. Overall, outlook remains prudent as management noted some signs of elongation in enterprise with the company still working to reaccelerate growth and scale AI functionality, Wells adds.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZM:
- Zoom Communications price target raised to $85 from $80 at JPMorgan
- Zoom Communications upgraded to Buy from Hold at Needham
- Zoom Video Communications: Navigating Growth Challenges Amidst Strategic Adjustments
- Zoom Video Communications: Hold Rating Amid Modest Growth and Lingering Challenges
- Zoom Video Communications Reports Steady Q1 Growth